%0 Journal Article
%T The Application of Options in Supply Chain Risk Management<br>期权在供应链风险管理中的应用
%A NING Zhong
%A DAI Jun-jun
%A <br>宁钟
%A 戴俊俊
%J 系统工程理论与实践
%D 2005
%I 
%X This paper explores the application of options in supply chain risk management when consumer demand is uncertain. The analysis is based on an environment involving a single supplier and multiple retailers. Each retailer can either buy product directly from the supplier, or purchase options on product. An option gives the retailer the right to buy an additional unit of product. We first derive optimal replenishment policies for the retailers, the optimal production policy for the supplier. We then show how options enhance information flows, encourage risk sharing, and improve supply chain efficiency. The paper includes a discussion of how options can be used to align the incentives of supply chain partners, and to improve supply chain responsiveness to changes in the business environment.
%K supply chain risk management
%K option
%K replenishment flexibility
%K risk sharing
%K information sharing<br>供应链风险管理
%K 期权
%K 供给弹性
%K 风险共享
%K 信息共享
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=BA0DAF9FF87982E2&yid=2DD7160C83D0ACED&vid=C5154311167311FE&iid=DF92D298D3FF1E6E&sid=2A3781E88AB1776F&eid=318E4CC20AED4940&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=25&reference_num=10